ABSTRACT
In The General Theory of Employment, Interest and Money [13, 1936] and elsewhere, Keynes attacked a body of theory that he designated ‘Classical’. In posing a threat to the ‘Classical’ system-or at least to a recognizable caricature of it-Keynes also called into question the method of analysis by which this system was constructed. The purpose of this article is to inquire into the various ways in which methods of economic analysis have come to terms with this threat, either by responding to it or by reinforcing it with further threats; it seeks to ask the question: ‘What has to be changed or sacrificed in order to accommodate Keynesian ideas within standard methods of analysis?’ Its theme will be the variety of ways in which this may be done: three broad types will be presented and the contrasts between them explored.
